Ortho Pediatric Devices Market Size to Grow by USD 1.36 Billion from 2021 to 2026| Technavio

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NEW YORK, May 23, 2022 /PRNewswire/ -- Technavio categorizes the ortho pediatric devices market as a part of the global healthcare equipment market. The ortho pediatric devices market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches.

Technavio has announced its latest market research report titled Ortho Pediatric Devices Market by Product and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Ortho Pediatric Devices Market by Product and Geography - Forecast and Analysis 2022-2026

Ortho Pediatric Devices Market: Key Drivers

The increasing incidence of pediatric orthopedic injuries is driving the ortho pediatric devices market For instance, according to the CDC, 9.2 million children in the US visit the initial emergency department for an unintentional injury every year. Nonfatal injury rates were higher among males than females among children aged 1-19 years. Children are more prone to injuries as they are more active and injure themselves during sports and other extra-curriculum activities. For instance, according to CDC data, 2.8 million children in the US visit an initial emergency department for injuries associated with falling annually.

View market report outlook to learn more about factors influencing the market.

Vendor Insights

The report identifies the following as the dominant vendors in the market:

  • Arthrex Inc.

  • Auxein Medical Pvt. Ltd.

  • Consensus Orthopedics Inc.

  • Implanet SA

  • Johnson and Johnson Inc.

  • Merete GmbH

  • Mighty Oak Medical

  • Nuvasive Inc.

  • Orthofix Medical Inc.

  • OrthoPediatrics Corp.

  • Pega Medical Inc.

  • Smith and Nephew plc

  • Stryker Corp.

  • Treace Medical Concepts Inc.

  • Trendlines Group Ltd.

  • TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah.

  • WishBone Medical Inc.

  • Zimmer Biomet Holdings Inc.

  • Medtronic Plc

Product Insights and News

The ortho pediatric devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, Arthrex Inc., a leading vendor, offers ortho pediatric devices that are available double and triple loaded with SutureTape, complemented by a guided delivery system and 2.6 mm drill or punch, helping minimize bone removal. The company is also involved in new product development and medical education in orthopedics.

Learn more about the vendors in the market as you download your sample copy

North America's Contribution to Ortho Pediatric Devices Market

The increase in the prevalence of injuries in children, product launches, and initiatives by non-profit and government organizations to create awareness and provide effective treatment and insurance coverage to pediatric patients is expected to propel the ortho pediatric devices market growth in North America during the forecast period. The region is expected to contribute to 52% of market growth in countries such as the US and Canada are the key markets for the ortho pediatric devices market. Market growth in North America will be higher than the growth of the market in other regions.

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Ortho Pediatric Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.89%

Market growth 2022-2026

$ 1.36 billion

Market structure

Fragmented

YoY growth (%)

6.4

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 52%

Key consumer countries

US, Canada, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arthrex Inc., Auxein Medical Pvt. Ltd., Consensus Orthopedics Inc., Implanet SA, Johnson and Johnson Inc., Merete GmbH, Mighty Oak Medical, Nuvasive Inc., Orthofix Medical Inc., OrthoPediatrics Corp., Pega Medical Inc., Smith and Nephew plc, Stryker Corp., Treace Medical Concepts Inc., Trendlines Group Ltd., TST Medical Tools San. and Tic. Ltd. Sti. Kurtkoy Sanayi Mah., WishBone Medical Inc., Zimmer Biomet Holdings Inc., and Medtronic Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Market Segmentation

The ortho pediatric devices market is divided by products into trauma and deformities segment, smart implants segment, spine, and sports medicine segment. The trauma and deformities segment is expected to be the major contributor to the market. The segment growth can be attributed to the increasing prevalence of bone deformities among the pediatric population, technological advances, and new product launches specific to the pediatric group.

Pandemic Impact

The increase in the number of COVID-19 cases in Q1 2020 led to lockdowns in countries such as the US, Canada, and Mexico. Thus, various non-urgent treatments and clinical visits were partially or completely suspended as per the pandemic guidelines released by the government. A few of the scheduled treatments were either delayed or postponed. Therefore, the demand for ortho pediatric devices decreased and adversely impacted market growth in 2020 and Q1 2021. However, the ortho pediatric devices market is expected to grow during the forecast period as countries in the region have initiated vaccination drives, which have led to a decline in the number of COVID cases.

Key Highlights

  • CAGR of the market during the forecast period 2022-2026

  • Comprehensive details of factors that will challenge the growth of ortho pediatric devices market vendors

  • Detailed information on factors that will drive ortho pediatric devices market growth during the next five years

  • Accurate predictions on upcoming trends and changes in consumer behavior

  • Precise estimation of the ortho pediatric devices market size and its contribution to the parent market

  • The growth of the ortho pediatric devices industry across North America, Europe, Asia, and the Rest of the World (ROW)

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Table of Contents

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments

  • 5.2 Comparison by Product

  • 5.3 Trauma and deformities - Market size and forecast 2021-2026

  • 5.4 Smart implants - Market size and forecast 2021-2026

  • 5.5 Spine - Market size and forecast 2021-2026

  • 5.6 Sports medicine - Market size and forecast 2021-2026

  • 5.7 Market opportunity by Product

6 Customer Landscape

  • 6.1 Customer landscape overview

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 North America - Market size and forecast 2021-2026

  • 7.4 Europe - Market size and forecast 2021-2026

  • 7.5 Asia - Market size and forecast 2021-2026

  • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026

  • 7.7 US - Market size and forecast 2021-2026

  • 7.8 Germany - Market size and forecast 2021-2026

  • 7.9 UK - Market size and forecast 2021-2026

  • 7.10 Canada - Market size and forecast 2021-2026

  • 7.11 France - Market size and forecast 2021-2026

  • 7.12 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Impact of drivers and challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Arthrex Inc.

  • 10.4 Johnson and Johnson Inc.

  • 10.5 Nuvasive Inc.

  • 10.6 Orthofix Medical Inc.

  • 10.7 OrthoPediatrics Corp.

  • 10.8 Pega Medical Inc.

  • 10.9 Smith and Nephew plc

  • 10.10 Stryker Corp.

  • 10.11 WishBone Medical Inc.

  • 10.12 Zimmer Biomet Holdings Inc.

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Inclusions and exclusions checklist

  • 11.3 Currency conversion rates for US$

  • 11.4 Research methodology

  • 11.5 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library and its client base consist of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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